OPEN-SOURCE SCRIPT
LowLag Channel Stoch
This study is an experiment utilizing the Hull Filter technique applied to an exponential moving average that has a relatively low lag to analyze trend activity. The Hull method is adjusted by the length.
A modified stochastic is used to help confirm buy/sell opportunities. The stochastic limits of 0.2 and 0.8 may be adjusted.
The up/down arrows indicate buy/sell opportunities. At the color change a buy/sell condition is indicated. Confirmation is by the stochastic passing through the appropriate limits. A third confirmation should be considered.
The initial signals are occasionally repeated because of the wait for 2 time instants. This is included because some buy/sell opportunities were missed without the wait.
A modified stochastic is used to help confirm buy/sell opportunities. The stochastic limits of 0.2 and 0.8 may be adjusted.
The up/down arrows indicate buy/sell opportunities. At the color change a buy/sell condition is indicated. Confirmation is by the stochastic passing through the appropriate limits. A third confirmation should be considered.
The initial signals are occasionally repeated because of the wait for 2 time instants. This is included because some buy/sell opportunities were missed without the wait.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.